By JACK WEATHERLY
Feuer Powertrain GMBH will start making crankshafts in January, it announced recently.
The $140 million private investment is expected to employ 300.
About 100 are on board now, as the R0binsonville (Tunica County) facility has ramped up this year.
Public investment totals $27.5 million from and through the Mississippi Development Authority.
Those investments include a $10 million grant for local builders; a $5 million construction loan for builders; a $5 million small-business credit guarantee for equipment financing; $1 million grant for additional work-force training or relocation expense; $1.5 million grant to Feuer for electrical redundancy upgrades; a $1.5 million grant to locals for site preparation needs, and a $1.26 million loan to locals for site prep needs.
About two-thirds of the Germany-based manufacturers’ output is for automakers such as Audi, BMW, Ferrari, Jaguar and Volkswagen, the company said on its website.
“It’s a big advantage that we can now respond to the great market potential in North America by serving our customers from a strategic location,” Feuer Powertrain North America President and Chief Executive Dominic Dieg said in a release at the plant’s grand opening last week.